Corn, soybeans, and wheat were down; and cotton was up for the week. March corn futures continue to struggle to gain positive traction. The contract low, $3.48 ¾, occurred on November 16, since then the contract has not traded above $3.60 ½, an 11 ¾ cent trading range. January soybean futures set 4-month highs earlier this week before retreating below $10 on Friday. Next week’s USDA WASDE report will determine if prices breakout to the upside or establish a new contract lows for corn. U.S. exports and adjustments to the South American crop will be closely watched for soybeans. Major revisions to the domestic crop on the WASDE report are not expected. Continue reading at Tennesseee Market Highlights.
13 Dec 2017